Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of biologically active compounds. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the development of agrochemicals, contributing to the creation of herbicides and pesticides. Its boronic acid group makes it valuable in organic synthesis and material science, where it aids in the preparation of advanced polymers and functional materials. Additionally, it is utilized in research and development for designing new drug candidates and studying enzyme inhibitors.